News

24th February 1996

ANOTHER FRENCH FIRM ACQUIRES LUMIERE

Industry sources finally confirmed in late February that UGC, another French multi-media conglomerate, has purchased Lumiere Films. Lumiere are the current copyright holders of the ABC Television Archive and rumours have persisted for some months that if the company were sold, the archive would move to France. After a six-day financial study, sources have confirmed that the Archive is likely to remain at Pinewood Studios, because the Archive is heavily in profit. Lumiere Video is expected to close, since only the Avengers pre-recordeds have shown a profitable stance.

CP

Kaleidoscope - The Classic Television Organisation

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